The set amount required to open Marcus CDs is low. Each CD term only requires $500 to open. Marcus CD offers competitive interest rates. The rates are competitive with other online CDs and much higher than typical bank rates. To earn interest on your Marcus CDs, you must keep $500 in the account. You will not earn interest until your CD has a balance over the $500 minimum.

Marcus offers a ten-day interest rate guarantee. Once you fund your account with the minimum deposit, you have ten days to watch the rates. If the rates increase in those ten days, Marcus locks in the highest interest rate.

Interest earned on Marcus CDs is automatically added to the principal amount of your CD. There are other options if you wish to receive interest in another way. You can have the monthly interest transferred to a Marcus online savings account. You can also transfer the money to an external linked account. You can withdraw the earned interest anytime during the CD term without a penalty.

Marcus offers a No-Penalty CD. This CD requires $500 to open. Once the account has been opened for seven days, you can withdraw your money at any time during the CD term. You will not be charged a fee for withdrawing your money before it reaches maturity. You cannot add additional funds to the No-Penalty CD.

You can withdraw money from the No-Penalty CD without a fee, but you cannot make a partial withdrawal. If you want to withdraw the money, you must withdraw the entire balance. This includes all the interest you have earned. You can withdraw the money after the account is open for seven days. You can only make a withdrawal one time during the term life of the CD. Once you withdraw your money, the account will close.

Marcus CDs terms less than 12-months do not offer as competitive of rates as the other CDs. The six-month and nine-month terms still offer competitive rates. Their rates are just not as competitive as the other CD term rates. These rates are still much higher than typical bank rates of the same terms.

The No-Penalty CDs offered through Marcus comes in limited term lengths. There are only three terms offered for the No-Penalty CDs. Those terms are a seven-month term, an 11-month term, and a 13-month term.

To make electronic transfers into your Marcus CDs requires linking another account. You can link a Marcus CD to a Marcus online savings account. You can also link your Marcus CD to an external account. Once you link the accounts you can transfer money electronically to fund the account. You can also have the earned interest transferred into the linked account.

Read the full Marcus by Goldman Sachs review.

The regular CDs offered through Rising Bank have low opening required amounts. These CDs only require $1,000 to open. You must keep this amount in the CD to earn interest. If your account balance falls below $1,000, your CD will not earn interest.

The interest rates for Rising Bank CDs are competitive. Their rates are higher than typical bank CD rates. Rising Bank rates are competitive with other online CDs of the same term length. The CDs do not have tiered interest rates. Any amount over the required opening deposit earns competitive interest rates.

Rising Bank is a completely online bank. You can open any of their accounts online. The process of opening an account is entirely online. They offer a high yield savings account and CDs. The CD terms range from one-year to three-year terms. The CDs come in regular, jumbo, and Rising CDs.

Rising Bank offers a Rising CD. These CDs come in 18-month and 36-month terms. If the interest rates increase during the CDs term, you can increase your CDs interest rate. Once the rate increases, you can also add money to your CD. You can increase your rate once during the 18-month CD term and twice during the 36-month CD term.

Rising Bank offers different types of CDs, but they do not offer a wide variety of term lengths. In the regular CDs, they only offer a one-year, two-year, and three-year CD. The jumbo CDs are available in a two-year term. The Rising CDs are available in 18-month and 36-month terms.

Rising Bank CDs and jumbo CDs have high opening amounts. The Rising CDs require $25,000 to open. The jumbo CD requires $100,000 to open. You must keep these balances in the account to earn interest. If your balance falls below this amount, you will not earn interest.

The interest earned on Rising Bank CDs credits to your account every three months. When the interest is credited, the money is added to your CD amount. If you close your CD before interest credits to your account, you will not receive the interest earned.

Because Rising Bank is an online bank, there are no branch locations. You can only reach customer service through email or telephone. Their website says their customer service is personalized to each customer. The ways to reach customer service is just limited.

Read the full Rising Bank review.